Milan real estate market forecasts 2021: trend in residential sales and house prices. Observing the Milan real estate market through official data is really difficult but if we go to the field everything is clearer. The prices of houses for sale do not follow the trend of the real economy ... will it be like this forever or is it just a dam effect?
Marco Cassanelli speaks to us about the real estate market in Milan and since 1997 has personally followed the trend in house prices and sales. A point of view of those who all operate on the market as a real estate agent specialized in helping those who want to sell a house in Milan. Marco give you a hand if you have to sell a house! Contact him without obligation on the toll-free number 800 134 954 or click: https://www.eliteimmobiliare.net/#footerFormElite
Let's go to the heart of the presentation: Milan real estate market this is the new Milan skyline that has changed in the last 7 years and so what happens what is there
let's go back in time it is May 4, 2020 and the lock-down ends, buyers attack the real estate market in Milan.
The Italians want to buy their first home, while others change their home to increase space
for who have lived for two months at home and have seen that there are problems with smart working and the DAD at the same time they need more more properties than more space
in the building so there is this dam effect everyone throws themselves on
real estate market and then mortgages make it very attractive
buying a house because they cost Milan in that period 30 percent less in installments of the mortgage costs compared to the rent and in fact now source precisely those who do not leave spa di nicola
packages these are the data of today the fixed rate and at 1.35% useful at 80% of the value and lasting 30 years if we go back some time last year this is already a rate that seemed at the time too high there were dumb rates that were well below this of this value and then but what happened in reality they all jumped on the market
but as we see this is the trend from 2011 to 2020.
In recent years: 2019: 26,232 residential properties sold in milan 2020 it seemed that the year had exploded with houses on the right and there was a decline in sales
residential sells 17% set us back practically four years in number of
residential sales there was obviously the covid which is the unpredictable variable that has changed a bit everything is the perception of things substantially
that have happened and now let's move to better understand what will most likely happen in the future. here in milan so tomorrow morning on
twin market the residential and house rental to date has that is to yesterday
afternoon source immobiliare.it the main portal that collects more
number of real estate ads sees
15153 empty properties to rent I speak
of residential properties if we return
back more than a year we go to
February 2020 shortly before the ce lock-dow
there were 1400 so we had a
1082 percent increase in supply
of properties for rent in Milan city
what many did you mean
just throw yourself into the market first
of tourist rentals where I could
take home for lease
very short of 2 days or in any case of
very short periods of figures ever
seen before for the classic rent on
4 + 4 coming the pandemic what it is
success: all bookings were canceled and many landlords went into crisis because
they had bought this second home to do business with a second home mortgage or
with Rent2Rent formulas. Is the rent in Milan dead? No, but we need this as a data to understand that many of these 15,000 houses that are offered for rent will remain empty and some will decide to leave them like this without making a serious mistake and then many of these will pour into the sales market and therefore will create more. offer of properties on milan and this will determine
a change in the real estate market with regard to selling prices.
In short, the pandemic teaches us that we will not return to the old system so everything will not be the same as before, everything will be again as it once was so just wait, instead, the future goes
exactly on the opposite side, the 600% increase in smart-working, the online purchases of
DAD will bring some changes some already seen.
Even the most reluctant companies have been upset by smart working ... It has changed
practically everything you think so whoever thinks of staying there and pretending that nothing has happened is making the biggest mistake of their life.
What to do right now?
The first thing to do is to take action and then consult a real estate agent.
I turned to elite real estate srl a few years ago and I met Cristina Gambotto and Marco Cassanelli who impressed me for their preparation and punctuality really out of the ordinary. Since then, there has been a professional collaboration that continues and always confirms their extraordinary skills in real estate. Compliments.
Dr. Davide Brancaccio
The thing that hit us most in the management of sales was the absolute precision and seriousness with which Marco and Cristina took care of every aspect of the deal. Read everything
Milano
"I have had the pleasure of knowing Marco Cassanelli and Cristina Gambotto from Elite Immobiliare srl for the sale of my property in Milan, with precision, seriousness, preparation and professionalism ... what to add, the articulated real estate market needs consultants like them! I hope I will be meeting for a new real estate transaction. "
Milano
This is a double evaluation, A direct excellent service employee served, the other performance and organization observer offered. Working experience with many customers allows me to appreciate the ongoing upgrading And the details of the service offered to all customers by Marco Cassanelli and Cristina Gambotto. Dedicated attention to a world and a difficult market and still in a hefty, even prospective crisis.
Milano
Hello Cristina, I take this opportunity to thank you for the professionalism with which you have supported us in this business. I rarely met so much professional preparation, grace and dedication. You helped us to de-activate us in many activities unknown to us, making us feel safe and secure. You really deserve to pick up great successes and hope we can have other opportunities to work together. Anna and Marco Capone
Milano
Cristina and Marco combine their professionalism and competence, also with great sympathy. Over the years, a relationship has been created not only with work, but with esteem and friendship. I believe that in the world of real estate in Milan are among the most transparent and series people. Donatella Maveri
Milano
A complicated negotiation with the seller of the property was handled great by Marco and Cristina. Two industry professionals and two trustworthy people have allowed us to conclude the sale of the best and in the serenity. Francesca and Daniele Pedrotti
Milano
For years we are real estate customers. Not only for the availability of those who advise you, but also for the affection and the true "human commitment" (in addition to the professional one) that people offer you. In this area, it is not often the case to find true and honest people like Cristina Gambotto and Marco Cassanelli, but this is one of those cases. Ettore Bergo
Milano
I met Marco Cassanelli and Cristina Gambotto of Elite Real Estate Ltd in 2012 in relation to my need to have an advice on managing a property. Since the first appointment, unlike other real estate companies, I immediately found an excellent and great professionalism, confidentiality, commitment, punctuality,
Milano
An excellent agency, which in difficult times for the real estate market like these, has been able to find me the right buyer, to the correct figure, for my apartment. Marco Cassanelli and Cristina Gambotto have now been very professional and capable of bureaucracy, where they have provided everything to them, without wasting time and money. Even now if I want advice I turn to them and I cordially receive answers to my doubts.
Milano
For nearly 20 years the partnership with Elite Real Estate has proved to be very valuable and trustworthy, an indispensable element that has accompanied our choices. His team expresses a modern professionalism and expertise rarely found in the industry, which we have experienced. Customized customer attention is never dispersive or dissociated from intuition and relational ability. Isabella and Ubaldo Ferrini
Milano
For a long time, I have been using Elite real estate services since I have found you serious and competent. Good job. Carlo Grillo
Milano
Mrs Cristina helped me to rent my apartment in a very short time, with professionalism and fairness as well as great kindness and sympathy, and assisted me for doubts and questions even after the contract was closed. I am very satisfied with the Élite and I feel I recommend it to those who ask me for a serious and reliable agency.
Francesca Piva
Very professional real estate agency
they took care of selling my house
in Milan ... I highly recommend it!
Thank you
Giorgio Carletti
It's nice to find out along the way to have guessed the best professionals estate.
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It's nice to find out along the way to have guessed the best professionals estate.
When we entrusted the mandate to elite we knew we were in good hands we understood from the approach that have had since the early stages
But the real value, the difference, we have it touched by hand in the final stages of the sale precision, preparation and accuracy they followed everything professionally has confirmed that we are turned to best people.
Giuliano Capedri
CEO of Gioroidea
Elite Immobiliare SrlFulfillment/Realization: justimmobili.it
